Borrowers who fail to apply for forgiveness before the 10-month deadline will have to make payments on principal, interest and fees for PPP loans. If the relaxed program rules make a PPP loan more ...

Many sought a lifeline in the Paycheck Protection Program (PPP) passed under ... The banks providing the loans have asked recipients to hold off on submitting forgiveness applications, as even ...

The Federal Caronavirus Aid, Relief, and Economic Security, or CARES Act, allocated $350 billion to the U.S. Small Business ...

When a PPP loan is forgiven ... We are not sure. The loan forgiveness application only lists the loan amount. Once this is forgiven the SBA sends the interest to the bank. The farmer never ...

The new rules also extend to five years the repayment timeline for loans issued ... for forgiveness. The PPP still comes up short, so get organized for the next program Microbusiness consultant ...

Hear status updates on PPP loan forgiveness and other business relief programs and why one CPA says we should reflect on our resilience. The SBA issued new guidance intended to speed up and simplify ...

Experts say the guidance around PPP loans is clearer this time around, as legislators have worked out many of the kinks of the CARES Act. But with new eligibility and forgiveness requirements ...

The U.S. Small Business Administration reports there are over 30 million small businesses in the United States. Facing unprecedented unemployment numbers and shutdowns, millions of them are looking ...

The act significantly streamlines the forgiveness process for PPP loans of up to $150,000 by requiring only a one-page certification versus a full application with supporting documents ...

(For full details on the PPP program, please see this excellent ... that Congress specifically granted by exempting PPP loan forgiveness from income … Undeterred, the IRS recently doubled ...

Opinions expressed by Forbes Contributors are their own. Robert W. Wood is a tax lawyer focusing on taxes and litigation. PPP Paycheck Protection Program as SBA loan written on the mask and money.

By Heather Michon Correspondent Back in April 2020, the Lake Monticello Owners Association (LMOA) was awarded a $646,843 loan under the Paycheck Protection Program (PPP), one of the many government ...